UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: The table below sets forth information with respect to purchases of our Class A common stock made by us during the quarter ended September 30, 2022:
+Added: The table below sets forth information with respect to purchases of our Class A common stock made by us during the quarter ended March 31, 2023:
Total Number of Shares Purchased
2 unchanged sentences
Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs(1)
−Removed: July 1-31, 2022
−Removed: August 1-31, 2022
−Removed: September 1-30, 2022
−Removed: On January 25, 2021, our Board approved the repurchase of up to $40.0 million of our outstanding Class A common stock.
−Removed: Under such authorization, we repurchased 0.5 million shares of our Class A common stock for $8.1 million during the three months ended March 31, 2021.
−Removed: On August 5, 2021, our Board increased such authorization to $40.0 million.
−Removed: As of January 1, 2022, there was approximately $38.0 million remaining under such authorization.
−Removed: On February 10, 2022, our Board of Directors adopted a 10b5-1 plan for the purchase of up to $30.0 million in shares subject to defined trading parameters, under our then current stock repurchase program.
−Removed: Under such authorization, we repurchased 1.4 million shares of our Class A common stock for $30.0 million completing the program in May 2022.
−Removed: On May 18, 2022, our Board approved a new stock repurchase authorization of up to $75.0 million of our Class A common stock, with any remaining amount available under prior authorizations being excluded and no longer available.
−Removed: Under such authorization, we repurchased 1.6 million shares of our Class A common stock for $40.9 million through September 30, 2022.
−Removed: The payment of cash dividends is currently limited by our financing arrangements, including certain covenants under our Credit Facility. We distributed a total of $3.2 million to stockholders in the first nine months of 2022 through dividends.
+Added: January 1-31, 2023
+Added: February 1-28, 2023
+Added: March 1-31, 2023
+Added: On May 18, 2022, our Board approved a stock repurchase authorization of up to $75.0 million of our Class A common stock, with any remaining amount available under prior authorizations being excluded and no longer available.
+Added: Under such authorization, we repurchased 0.1 million shares of our Class A common stock for $2.9 million during January 2023.
+Added: On January 30, 2023, the Board approved an amendment to the Company's stock repurchase program authorizing the purchase of up to an aggregate $55.0 million of our Class A common stock.
+Added: The amendment added an incremental approximately $37.5 million to the approximately $17.5 million that was then-remaining under the program.
+Added: The payment of cash dividends is currently limited by our financing arrangements, including certain covenants under our Credit Facility. We distributed a total of $1.5 million to stockholders in the first three months of 2023 through dividends.
DEF AU LTS UPON SENIOR SECURITIES
33 unchanged sentences
COVENANT LOGISTICS GROUP, INC.
−Removed: Date: November 4, 2022
+Added: Date: May 5, 2023
Chief Financial Officer in his capacity as such and as a duly authorized officer on behalf of the issuer
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.